Question: On May 1, 2022, Cheyenne Corp. had beginning inventory consisting of 260 units with a unit cost of $6. During May, the company purchased inventory

On May 1, 2022, Cheyenne Corp. had beginning inventory consisting of 260 units with a unit cost of $6. During May, the company purchased inventory as follows: - 530 units at $6 - 790 units at $7 The company sold 1320 units during the month for $11 per unit. Cheyenne uses the average cost method. The average cost per unit for May is O $6.5. $6.0. $6.6. O $7.0.

On May 1, 2022, Cheyenne Corp. had beginning inventory consisting of 260 units with a unit cost of $6. During May, the company purchased imventory as follows: .530 units at $6 .790 units at $7 The company sold 1320 units during the month for $11 per unit. Chevenne uses the average cost method. The average cost per unit for May is $6.5. $60. $6.6. $7.0

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